Court hearings have taken place to determine whether Belly Up should be placed in receivership. The hearings are part of ongoing litigation between the venue's co-founders.

The litigation revolves around ownership disputes between two individuals, Goldberg and Gitlitz. Further details about the court proceedings and the litigation can be found Daily News.

For more information on the status of Belly Up and the ongoing ownership disputes, readers can refer to the Aspen Daily News for updates and additional coverage.